Plus500 Ltd. (LSE:PLUS) commences share repurchases on November 1, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2022. As per the mandate, the company is authorized to repurchase up to 9,959,828 shares, representing 10% of its issued share capital. The minimum price, exclusive of expenses, which may be paid, is ILS 0.01 per share. The maximum price which may be paid for any such ordinary share is the higher of an amount equal to 105% of the average of the market value quotations for the ordinary shares in the company as derived from the London Stock Exchange Daily Official List for the 5 business days immediately preceding the date on which such ordinary shares are contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange Daily Official List at the time the purchase is carried out. The plan will be valid up to the conclusion of the next Annual General Meeting of the company in 2023 or, if earlier, close of business on the date August 3, 2023, unless renewed by the company. As of March 24, 2021, the company had 114,888,377 shares in issue and 15,290,095 shares in its treasury.

On August 17, 2022, the company initiated announced a share repurchase program. Under the program, the company will repurchase up to $60.2 million worth of its shares. The purpose of the new program is to further emphasize the Board's confidence in the prospects of Plus500 and reflects the robust financial position of the Group. The program will expire on the date of the announcement of the company's preliminary results for the twelve months ending December 31, 2022.